www.upstreamonline.com http://www.upstreamonline.com/ www.upstreamonline.com Butch drilling nod for Centrica http://www.upstreamonline.com/live/1413026/butch-drilling-nod-for-centrica Centrica has been given the green light by Norway’s safety agency to drill a pilot hole in the North Sea licence hosting its Butch Main discovery as a precursor to further drilling work. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1413026/butch-drilling-nod-for-centrica Mon, 05 Oct 2015 11:49:29 +0000 live Willbros in $130m business wing sale http://www.upstreamonline.com/live/1413023/willbros-in-usd-130m-business-wing-sale Services player Willbros Group has sold its professional services business segment to US outfit TRC Companies in an all-cash deal worth $130 million. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1413023/willbros-in-usd-130m-business-wing-sale Mon, 05 Oct 2015 11:28:57 +0000 live Shell in Bonga Phase 3 start-up http://www.upstreamonline.com/live/1413007/shell-in-bonga-phase-3-start-up Shell is aiming for peak production of around 50,000 barrels of oil equivalent per day at its Bonga Phase 3 development off Nigeria after announcing a start to output. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1413007/shell-in-bonga-phase-3-start-up Mon, 05 Oct 2015 10:41:18 +0000 live MX to bid in Mexican onshore round http://www.upstreamonline.com/incoming/1412994/mx-to-bid-in-mexican-onshore-round London-listed MX Oil and its joint venture partner, Mexican service provider Geo Estratos, have submitted bids in the ongoing inaugural onshore licensing round in Mexico. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1412994/mx-to-bid-in-mexican-onshore-round Mon, 05 Oct 2015 08:28:14 +0000 ece_incoming Statoil suspends Songa rig http://www.upstreamonline.com/live/1412992/statoil-suspends-songa-rig Statoil has again suspended its charter of the semi-submersible Songa Trym in an apparent further move by the Norwegian state-owned operator to reduce overcapacity in its rig portfolio and cut drilling costs. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1412992/statoil-suspends-songa-rig Mon, 05 Oct 2015 08:06:01 +0000 live San Leon to spud in Poland http://www.upstreamonline.com/incoming/1412991/san-leon-to-spud-in-poland San Leon Energy will spud a new development well on its Rawicz field in Poland’s southern Permian basin, the Irish junior said on Monday. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1412991/san-leon-to-spud-in-poland Mon, 05 Oct 2015 07:41:22 +0000 ece_incoming Ithaca cuts capex, eyes Stella first oil http://www.upstreamonline.com/live/1412990/ithaca-cuts-capex-eyes-stella-first-oil Ithaca Energy has chopped its full-year capital expenditure as it cut subsea installation costs and sold off its Norwegian assets. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1412990/ithaca-cuts-capex-eyes-stella-first-oil Mon, 05 Oct 2015 07:28:41 +0000 live TPDC to take Kiliwani North stake http://www.upstreamonline.com/live/1412987/tpdc-to-take-kiliwani-north-stake Tanzanian national oil company Tanzania Petroleum Development Corporation (TPDC) has exercised its right to acquire a 5% working interest in the Kiliwani North development licence. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1412987/tpdc-to-take-kiliwani-north-stake Mon, 05 Oct 2015 07:02:19 +0000 live Lundin spuds Neiden wildcat http://www.upstreamonline.com/live/1412988/lundin-spuds-neiden-wildcat Lundin Petroleum has spudded the latest wildcat in the frontier Loppa High play of the Barents Sea off Norway that is targeted the Neiden prospect. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1412988/lundin-spuds-neiden-wildcat Mon, 05 Oct 2015 07:00:42 +0000 live Woodside has no plans to up Oil Search offer http://www.upstreamonline.com/live/1412986/woodside-has-no-plans-to-up-oil-search-offer Woodside Petroleum does not want to raise its A$11.6 billion ($8.2 billion) offer for Oil Search Ltd because it would hurt his shareholders, according to chief executive Peter Coleman. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1412986/woodside-has-no-plans-to-up-oil-search-offer Mon, 05 Oct 2015 05:06:56 +0000 live Hess agrees to take jack-up from Petronas http://www.upstreamonline.com/live/1412985/hess-agrees-to-take-jack-up-from-petronas The majority owned subsidiary of Malaysia's Perisai Petroleum Teknologi, Perisai Offshore, has brokered a deal with state-run Petronas and US independent Hess over the use of its jack-up Perisai Pacific 101. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1412985/hess-agrees-to-take-jack-up-from-petronas Mon, 05 Oct 2015 04:08:01 +0000 live Podcast: Billion Dollar Duster http://www.upstreamonline.com/live/1412983/podcast-billion-dollar-duster Listen to The Bit, Upstream's weekly podcast, where we break down Shell's decision to halt exploration in Alaska and take a look at early plans for a big new potential development in the US Gulf of Mexico. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1412983/podcast-billion-dollar-duster Mon, 05 Oct 2015 03:11:54 +0000 live Oil rises as US rig count falls http://www.upstreamonline.com/live/1412984/oil-rises-as-us-rig-count-falls Crude prices edged up on Monday after Russia said it was prepared to meet other producers to discuss the situation in the global oil market, while a report showed a fifth weekly decline in the US oil rig count. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1412984/oil-rises-as-us-rig-count-falls Mon, 05 Oct 2015 03:11:25 +0000 live Deal reached for Lemang farm-out http://www.upstreamonline.com/live/1412982/deal-reached-for-lemang-farm-out A subsidiary of Singapore-listed Ramba Energy has reached a deal to farm-out a stake in the Lemang production sharing contract in Indonesia. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1412982/deal-reached-for-lemang-farm-out Mon, 05 Oct 2015 02:04:12 +0000 live Magma raises $60m for expansion plans http://www.upstreamonline.com/live/1412981/magma-raises-usd-60m-for-expansion-plans UK technology company Magma Global has raised $60 million from strategic capital investment partners and existing investors to help fund its growth plans. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1412981/magma-raises-usd-60m-for-expansion-plans Mon, 05 Oct 2015 00:53:37 +0000 live Range hits pay in Trinidad http://www.upstreamonline.com/live/1412980/range-hits-pay-in-trinidad Hydrocarbons found in secondary target as bore instability prevents drilling deeper to primary target Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1412980/range-hits-pay-in-trinidad Mon, 05 Oct 2015 00:29:22 +0000 live Former Nigerian oil minister 'arrested' http://www.upstreamonline.com/live/1412973/former-nigerian-oil-minister-arrested Nigeria's former oil minister Diezani Alison-Madueke was arrested in London on Friday, according to a report. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1412973/former-nigerian-oil-minister-arrested Fri, 02 Oct 2015 22:45:51 +0000 live Crude rises but ends week lower http://www.upstreamonline.com/live/1412971/crude-rises-but-ends-week-lower Crude prices erased early losses to rise by 1% or more on Friday after a report showing the fifth weekly decline in the US oil rig count renewed the debate over falling production in the world's top oil consumer. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1412971/crude-rises-but-ends-week-lower Fri, 02 Oct 2015 22:32:51 +0000 live Nalcor touts offshore potential http://www.upstreamonline.com/live/1412970/nalcor-touts-offshore-potential Areas offshore Newfoundland and Labrador could hold as much as 12 billion barrels of oil and 113 trillion cubic feet of natural gas, according to a government-sponsored study of the basin. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1412970/nalcor-touts-offshore-potential Fri, 02 Oct 2015 21:12:38 +0000 live Syncrude back to normal ops after fire http://www.upstreamonline.com/live/1412969/syncrude-back-to-normal-ops-after-fire Normal operations have resumed at the Syncurde Mildred Lake facility after a fire halted most production in late August. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1412969/syncrude-back-to-normal-ops-after-fire Fri, 02 Oct 2015 20:12:58 +0000 live Stone eyes Lamprey jump-start http://www.upstreamonline.com/live/1412966/stone-eyes-lamprey-jump-start Stone Energy is carrying out an early concept study for a floating production facility at the undrilled Lamprey prospect in the ultra-deepwater Gulf of Mexico regarded as a potential “company changer” project by the US independent. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1412966/stone-eyes-lamprey-jump-start Fri, 02 Oct 2015 19:11:22 +0000 live Debt-laden Miller files for bankruptcy http://www.upstreamonline.com/live/1412964/debt-laden-miller-files-for-bankruptcy Alaska-focused Miller Energy Resources has filed for Chapter 11 bankruptcy protection in the US as it looks to reorganise following fraud charges and ballooning debt. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1412964/debt-laden-miller-files-for-bankruptcy Fri, 02 Oct 2015 18:50:36 +0000 live US rig count falls by 29 http://www.upstreamonline.com/live/1412963/us-rig-count-falls-by-29 The number of rigs drilling for oil and gas in the US fell by 29 this week for a total of 809, according to data from Houston-based services giant Baker Hughes. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1412963/us-rig-count-falls-by-29 Fri, 02 Oct 2015 17:45:01 +0000 live Dynamic lands GOM tieback job http://www.upstreamonline.com/live/1412961/dynamic-lands-gom-tieback-job Dynamic Construction Services has won a contract to provide fabrication, topside installation and hookup services for a "high-profile" deep-water tieback contract in the US Gulf of Mexico. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1412961/dynamic-lands-gom-tieback-job Fri, 02 Oct 2015 16:49:37 +0000 live Second Pemex flotel launched in Spain http://www.upstreamonline.com/live/1412948/second-pemex-flotel-launched-in-spain Pemex has overseen the launch of a second floating accommodation vessel in Spain, hinting that the award for a third unit may be in the cards. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1412948/second-pemex-flotel-launched-in-spain Fri, 02 Oct 2015 14:28:06 +0000 live Repsol confirms job losses http://www.upstreamonline.com/live/1412943/repsol-confirms-job-losses Repsol has confirmed that hundreds of jobs are to be axed as part of the Spanish player’s cost-cutting measures over the next three years. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1412943/repsol-confirms-job-losses Fri, 02 Oct 2015 13:50:33 +0000 live Steelhead gets LNG export approval http://www.upstreamonline.com/live/1412939/steelhead-gets-lng-export-approval Canada’s Steelhead LNG has won national approval for the export of liquefied natural gas from two proposed projects in Vancouver that together envisage five trains. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1412939/steelhead-gets-lng-export-approval Fri, 02 Oct 2015 13:39:27 +0000 live CEO under fire for personal loans http://www.upstreamonline.com/live/1412935/ceo-under-fire-for-personal-loans US Gulf player Energy XXI has kicked off an internal controls investigation after discovering its chief executive took out personal loans from a board member and company suppliers. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1412935/ceo-under-fire-for-personal-loans Fri, 02 Oct 2015 13:25:27 +0000 live Statoil eyes Alfa Sentral FID http://www.upstreamonline.com/live/1412931/statoil-eyes-alfa-sentral-fid Statoil is aiming for a final investment decision on the Alfa Sentral gas and condensate field in the North Sea late next year as it bought out one player in the UK portion of the acreage. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1412931/statoil-eyes-alfa-sentral-fid Fri, 02 Oct 2015 12:10:18 +0000 live Frost melting between Russia, Ukraine http://www.upstreamonline.com/live/1412917/frost-melting-between-russia-ukraine Steps to liberalise gas supplies to its domestic market, coupled with support from the European Commission, have helped Ukraine feel more comfortable in the talks with Russia about gas imports and helped lead to a new deal. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1412917/frost-melting-between-russia-ukraine Fri, 02 Oct 2015 10:29:31 +0000 live Siem vessels terminated http://www.upstreamonline.com/live/1412914/siem-vessels-terminated Siem Offshore has agreed with Brazil’s Petrobras on early termination of contractors for a trio of vessels. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1412914/siem-vessels-terminated Fri, 02 Oct 2015 08:48:51 +0000 live UK ‘missing North Sea collaboration’ chances http://www.upstreamonline.com/incoming/1412857/uk-missing-north-sea-collaboration-chances Companies are missing out on maximising the potential value from the UK continental shelf (UKCS) due to a lack of effective supply chain collaboration, according to a report. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1412857/uk-missing-north-sea-collaboration-chances Fri, 02 Oct 2015 08:10:25 +0000 ece_incoming Farstad in five lay-ups http://www.upstreamonline.com/live/1412907/farstad-in-five-lay-ups Farstad Shipping is being forced to lay up a further five vessels off Norway as the Oslo-listed shipowner feels the fallout of a North Sea market slump. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1412907/farstad-in-five-lay-ups Fri, 02 Oct 2015 08:01:39 +0000 live North Sea probes under way http://www.upstreamonline.com/live/1412905/north-sea-probes-under-way Statoil and Wintershall have kicked off drilling of a pair of exploration wells in the North Sea off Norway. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1412905/north-sea-probes-under-way Fri, 02 Oct 2015 07:48:27 +0000 live Lundin spuds Malaysian well http://www.upstreamonline.com/incoming/1412903/lundin-spuds-malaysian-well Lundin Petroleum has resumed drilling on its Bertam oilfield off Malaysia with the spud of the Mengkuang-1 well. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1412903/lundin-spuds-malaysian-well Fri, 02 Oct 2015 07:46:50 +0000 ece_incoming EMGS agrees new vessel terms http://www.upstreamonline.com/live/1412890/emgs-agrees-new-vessel-terms Oslo-listed Electromagnetic Geoservices (EMGS) has struck new terms for vessels currently under charter from BOA Offshore. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1412890/emgs-agrees-new-vessel-terms Fri, 02 Oct 2015 07:05:00 +0000 live Rivals join the fray for Kingfisher FEED deal http://www.upstreamonline.com/live/1412889/rivals-join-the-fray-for-kingfisher-feed-deal Half-a-dozen rivals are set to battle it out to land a prestigious front-end engineering and design contract covering CNOOC Ltd’s Kingfisher project in Uganda. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1412889/rivals-join-the-fray-for-kingfisher-feed-deal Fri, 02 Oct 2015 06:32:43 +0000 live Continental preparing 10-well campaign http://www.upstreamonline.com/live/1412888/continental-preparing-10-well-campaign US onshore operator Continental Resources is preparing to kick off a 10-well campaign in Oklahoma. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1412888/continental-preparing-10-well-campaign Fri, 02 Oct 2015 06:32:05 +0000 live Technip wins Stones subsea gig http://www.upstreamonline.com/live/1412885/technip-wins-stones-subsea-gig French engineering company Technip has landed another contract on Shell's Stones project in the Gulf of Mexico. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1412885/technip-wins-stones-subsea-gig Fri, 02 Oct 2015 05:39:45 +0000 live Oil rises in early trading http://www.upstreamonline.com/live/1412883/oil-rises-in-early-trading Crude prices rose on Friday as fighting in Syria intensified, but remained on course to end the week largely unchanged as a hurricane was seen as less likely to affect US oil facilities. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1412883/oil-rises-in-early-trading Fri, 02 Oct 2015 04:04:25 +0000 live Disappointing results at Praslin-1 http://www.upstreamonline.com/live/1412882/disappointing-results-at-praslin-1 After early promising signs at the Praslin-1 exploration well in Western Australia's Canning basin, operator Buru Energy has been unable to find evidence of movable hydrocarbons. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1412882/disappointing-results-at-praslin-1 Fri, 02 Oct 2015 03:09:13 +0000 live Otto finalises North Slope entry http://www.upstreamonline.com/live/1412881/otto-finalises-north-slope-entry Australia's Otto Energy has finalised its entry into the Alaska North Slope by making a final payment to Great Bear Petroleum. on a US$13.5 million staged payment deal agreed earlier this year. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1412881/otto-finalises-north-slope-entry Fri, 02 Oct 2015 02:28:20 +0000 live KNOC and Daewoo eye new project at Donghae http://www.upstreamonline.com/live/1412880/knoc-and-daewoo-eye-new-project-at-donghae Korea National Oil Corporation (KNOC) and Daewoo International are developing a shallow-water gas field off South Korea’s south-east coast and within close proximity of the landmark producing Donghae gas project. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1412880/knoc-and-daewoo-eye-new-project-at-donghae Fri, 02 Oct 2015 01:07:31 +0000 live Repsol to cut 1500 jobs http://www.upstreamonline.com/live/1412873/repsol-to-cut-1500-jobs Spanish giant Repsol will eliminate 1500 jobs in a cost-cutting move following its multi-billion-dollar takeover of Canada's Talisman Energy. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1412873/repsol-to-cut-1500-jobs Thu, 01 Oct 2015 22:45:50 +0000 live Industry cries foul on ozone rule http://www.upstreamonline.com/live/1412872/industry-cries-foul-on-ozone-rule Industry groups blasted a move by US regulators to lower the standard for ground-level ozone to 70 parts per billion (ppb) from 75 ppb, saying the move would be costly and had little benefit for public health. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1412872/industry-cries-foul-on-ozone-rule Thu, 01 Oct 2015 22:32:09 +0000 live ExxonMobil fined for pipeline disaster http://www.upstreamonline.com/live/1412871/exxonmobil-fined-for-pipeline-disaster US supermajor ExxonMobil has been hit with a $2.63 million civil penalty related to the 2013 Pegasus pipeline spill, which inundated a residential area in the state of Arkansas with crude. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1412871/exxonmobil-fined-for-pipeline-disaster Thu, 01 Oct 2015 21:44:29 +0000 live Chesapeake keeps $4bn revolver http://www.upstreamonline.com/live/1412870/chesapeake-keeps-usd-4bn-revolver Chesapeake Energy has reached a deal with its lenders that will keep its revolving credit facility unchanged at $4 billion but amends some of the terms of its credit facility. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1412870/chesapeake-keeps-usd-4bn-revolver Thu, 01 Oct 2015 18:52:59 +0000 live US export ban repeal advances in Senate http://www.upstreamonline.com/live/1412869/us-export-ban-repeal-advances-in-senate A US Senate committee has advanced a bill to lift the 40-year-old ban on US oil exports, though the legislation still faces an uphill battle in the full chamber. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1412869/us-export-ban-repeal-advances-in-senate Thu, 01 Oct 2015 17:46:51 +0000 live Kosmos gets Atwood Achiever rate drop http://www.upstreamonline.com/live/1412855/kosmos-gets-atwood-achiever-rate-drop Kosmos Energy has driven down the dayrate for an Atwood Oceanics drillship it has on long-term charter, currently off north-west Africa. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1412855/kosmos-gets-atwood-achiever-rate-drop Thu, 01 Oct 2015 12:26:38 +0000 live Statoil in new energies Uni pact http://www.upstreamonline.com/live/1412852/statoil-in-new-energies-uni-pact Norwegian state player Statoil is pumping funds into researching alternative energy solutions in a collaboration deal with a compatriot university. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1412852/statoil-in-new-energies-uni-pact Thu, 01 Oct 2015 11:57:18 +0000 live Penn West in $154m Weyburn sale http://www.upstreamonline.com/incoming/1412851/penn-west-in-usd-154m-weyburn-sale Canadian player Penn West is selling its 9.5% interest in the Weyburn field in Saskatchewan for C$205 million (US$154 million). (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1412851/penn-west-in-usd-154m-weyburn-sale Thu, 01 Oct 2015 11:48:18 +0000 ece_incoming Tullow shares up on credit deal http://www.upstreamonline.com/live/1412849/tullow-shares-up-on-credit-deal Shares in Tullow Oil shot up on Thursday after the Anglo-Irish independent secured a key lending agreement. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1412849/tullow-shares-up-on-credit-deal Thu, 01 Oct 2015 10:50:58 +0000 live Caza considering asset sales http://www.upstreamonline.com/incoming/1412835/caza-considering-asset-sales Caza Oil & Gas is considering a possible asset sale, as the London-listed company is in advanced negotiations regarding a potential equity financing, which it warned is likely to subject existing shareholders to significant dilution. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1412835/caza-considering-asset-sales Thu, 01 Oct 2015 09:20:09 +0000 ece_incoming Transocean tipped for Husky rig job http://www.upstreamonline.com/live/1412830/transocean-tipped-for-husky-rig-job Seadrill is possibly looking to ditch a second newbuild rig if it fails to regain a recently cancelled charter with Husky Energy, with rival Transocean now believed to be the front-runner for the rehashed deal, according to an analyst source. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1412830/transocean-tipped-for-husky-rig-job Thu, 01 Oct 2015 08:20:27 +0000 live BASF, Gazprom swap Urengoy assets http://www.upstreamonline.com/incoming/1412827/basf-gazprom-swap-urengoy-assets BASF and Russian state-owned Gazprom have completed a much-delayed asset swap deal for two West Siberia blocks that will see the German player exit the gas trading and storage business. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1412827/basf-gazprom-swap-urengoy-assets Thu, 01 Oct 2015 07:54:07 +0000 ece_incoming Gulf Keystone rethinks Shaikan on reserves hike http://www.upstreamonline.com/live/1412826/gulf-keystone-rethinks-shaikan-on-reserves-hike Gulf Keystone Petroleum has updated its development plan at the Shaikan field in Iraqi Kurdistan after a new report significantly boosted reserves. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1412826/gulf-keystone-rethinks-shaikan-on-reserves-hike Thu, 01 Oct 2015 07:47:02 +0000 live Technip nets Eni Angola umbilicals deal http://www.upstreamonline.com/live/1412824/technip-nets-eni-angola-umbilicals-deal Technip has secured an umbilicals contract from Eni for one of the Italian’s field development projects off Angola. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1412824/technip-nets-eni-angola-umbilicals-deal Thu, 01 Oct 2015 07:21:03 +0000 live Wildcat failures off Norway http://www.upstreamonline.com/live/1412823/wildcat-failures-off-norway Both Statoil and Maersk Oil have failed to deliver the goods with separate wildcats drilled off Norway. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1412823/wildcat-failures-off-norway Thu, 01 Oct 2015 07:14:54 +0000 live Pertagas eyes Arun LNG ramp-up http://www.upstreamonline.com/live/1412821/pertagas-eyes-arun-lng-ramp-up Indonesia’s first onshore liquefied natural gas receiving terminal - Arun, which was converted from a multi-train liquefaction facility – will reach 50% utilisation by next year. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1412821/pertagas-eyes-arun-lng-ramp-up Thu, 01 Oct 2015 07:04:24 +0000 live Aker wins Rotan subsea gig http://www.upstreamonline.com/live/1412820/aker-wins-rotan-subsea-gig Norway’s Aker Solutions has, as expected, won the contract to supply the subsea production system for Murphy Oil’s deep-water Rotan gas development in Block H off Sabah, East Malaysia. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1412820/aker-wins-rotan-subsea-gig Thu, 01 Oct 2015 06:56:51 +0000 live Shell delays NZ wildcat http://www.upstreamonline.com/live/1412819/shell-delays-nz-wildcat Shell has reportedly postponed the drilling of a deep-water exploration well in New Zealand’s frontier Great South basin. russell.searancke@upstreamonline.com (Russell Searancke) http://www.upstreamonline.com/live/1412819/shell-delays-nz-wildcat Thu, 01 Oct 2015 04:28:30 +0000 live Block D6 gas customers to pay less http://www.upstreamonline.com/live/1412815/block-d6-gas-customers-to-pay-less India's government has reduced by 18% the gas price that customers will pay for supplies from the Reliance Industries-operated deep-water D6 resource off the south-east coast. russell.searancke@upstreamonline.com (Russell Searancke) http://www.upstreamonline.com/live/1412815/block-d6-gas-customers-to-pay-less Thu, 01 Oct 2015 01:56:40 +0000 live Guilty plea in Bakken murder scheme http://www.upstreamonline.com/live/1412814/guilty-plea-in-bakken-murder-scheme A North Dakota man involved in the Bakken shale fields has pleaded guilty to a murder-for-hire scheme targeting two of his business associates and now faces four decades in prison. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1412814/guilty-plea-in-bakken-murder-scheme Wed, 30 Sep 2015 22:10:05 +0000 live Pipeline leak halts Forcados exports http://www.upstreamonline.com/live/1412813/pipeline-leak-halts-forcados-exports A new leak on Shell's Trans Forcados Pipeline has forced the company to halt exports from the Forcados terminal in Nigeria. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1412813/pipeline-leak-halts-forcados-exports Wed, 30 Sep 2015 21:51:30 +0000 live Judge halts federal frack rule http://www.upstreamonline.com/live/1412812/judge-halts-federal-frack-rule A US judge has formally granted an injunction halting the start of federal rules governing hydraulic fracturing on public lands, saying it was not clear that the Bureau of Land Management (BLM) had the authority to regulate fracking. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1412812/judge-halts-federal-frack-rule Wed, 30 Sep 2015 21:24:31 +0000 live Concho ups share offer http://www.upstreamonline.com/live/1412811/concho-ups-share-offer Concho Resources upsized its common stock offering to 7.7 million shares to bring in more than $700 million in a move analysts hailed as a smart way to benefit from the company’s strong equity price. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1412811/concho-ups-share-offer Wed, 30 Sep 2015 20:59:30 +0000 live Ecopterol, Parex look to boost reserves http://www.upstreamonline.com/live/1412810/ecopterol-parex-look-to-boost-reserves Canada's Parex Resources and Colombia state-controlled Ecopetrol have signed a binding agreement to jointly explore a light-oil field in the South American country with an eye toward boosting reserves. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1412810/ecopterol-parex-look-to-boost-reserves Wed, 30 Sep 2015 20:36:29 +0000 live Mexico cheers bid round results http://www.upstreamonline.com/live/1412682/mexico-cheers-bid-round-results Mexico officials Wednesday afternoon hailed the award of three of five development blocks in the the second phase of its inaugural public bid round, saying the areas will help boost output even amid market doldrums. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1412682/mexico-cheers-bid-round-results Wed, 30 Sep 2015 19:12:08 +0000 live Schlumberger-Eurasia deal out of time http://www.upstreamonline.com/live/1412683/schlumberger-eurasia-deal-out-of-time Schlumberger’s proposed $1.7 billion acquisition of a large stake in Russian rig giant Eurasia Drilling is officially off after a deadline to consummate the deal expired today. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1412683/schlumberger-eurasia-deal-out-of-time Wed, 30 Sep 2015 19:02:42 +0000 live C&J gets credit relief http://www.upstreamonline.com/live/1412679/candj-gets-credit-relief C&J Energy Services has reached a deal with its lenders to amend the covenants of its credit facility but warned that its core fracking business continues to struggle. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1412679/candj-gets-credit-relief Wed, 30 Sep 2015 18:44:43 +0000 live Jordan Cove backers get final EIS http://www.upstreamonline.com/live/1412675/jordan-cove-backers-get-final-eis Federal US regulators have issued the backers of the Jordan Cove liquefied natural gas export project a final environmental impact statement (EIS), a key regulatory step that paves the way for final approval next year. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1412675/jordan-cove-backers-get-final-eis Wed, 30 Sep 2015 17:36:28 +0000 live Shell 'ends Bosnia quest' http://www.upstreamonline.com/live/1412674/shell-ends-bosnia-quest Anglo-Dutch supermajor Shell is reportedly ending a $700 million exploration push in Bosnia, citing a changed energy environment. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1412674/shell-ends-bosnia-quest Wed, 30 Sep 2015 17:15:47 +0000 live Repsol inks $728m gas asset sale deals http://www.upstreamonline.com/live/1412673/repsol-inks-usd-728m-gas-asset-sale-deals Repsol has bagged yet more divestiture ash after agreeing to offload some of its downstream assets in deals worth around $728 million. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1412673/repsol-inks-usd-728m-gas-asset-sale-deals Wed, 30 Sep 2015 16:08:22 +0000 live TransCanada takes KXL fight to Nebraska PSC http://www.upstreamonline.com/live/1412672/transcanada-takes-kxl-fight-to-nebraska-psc TransCanada is ending a legal battle with landowners in Nebraska over its proposed US$8 billion Keystone XL pipeline and instead is going straight to the state government for approval. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1412672/transcanada-takes-kxl-fight-to-nebraska-psc Wed, 30 Sep 2015 15:07:46 +0000 live Loyz drops Primeline takeover deal http://www.upstreamonline.com/incoming/1412667/loyz-drops-primeline-takeover-deal Singapore’s Loyz Energy has dropped the S$197 million (US$145.6 million) acquisition of Canadian independent Primeline Energy amid current market volatility. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1412667/loyz-drops-primeline-takeover-deal Wed, 30 Sep 2015 14:54:24 +0000 ece_incoming Eni, PAE, Fieldwood grab Mexico blocks http://www.upstreamonline.com/live/1412664/eni-pae-fieldwood-grab-mexico-blocks Eni won out in a competitive nine-way battle for Block 1 in the second phase of Mexico's inaugural oil and gas lease sale, a sign of dynamic bidding that surpassed disappointing results for the first phase in July. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1412664/eni-pae-fieldwood-grab-mexico-blocks Wed, 30 Sep 2015 14:33:54 +0000 live Cameroon FLNG gas deal inked http://www.upstreamonline.com/live/1412647/cameroon-flng-gas-deal-inked The Cameroon floating liquefied natural gas project is moving towards start-up in the first half of 2017 after parties signed a gas convention on Wednesday. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1412647/cameroon-flng-gas-deal-inked Wed, 30 Sep 2015 13:33:35 +0000 live Shell ‘continuing’ Yuzhno-Kirinskoye talks http://www.upstreamonline.com/incoming/1412637/shell-continuing-yuzhno-kirinskoye-talks Shell is reportedly still in talks with Russian state-controlled Gazprom over possibilities for the Yuzhno-Kirinskoye oil and gas field, off Russia's Sakhalin Island. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1412637/shell-continuing-yuzhno-kirinskoye-talks Wed, 30 Sep 2015 11:28:24 +0000 ece_incoming India slashes gas price http://www.upstreamonline.com/live/1412632/india-slashes-gas-price The Indian government has vastly decreased the price of natural gas for domestic producers in a move that was widely expected and many fear may harm further exploration efforts off the country. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1412632/india-slashes-gas-price Wed, 30 Sep 2015 10:06:46 +0000 live Petroceltic narrow loss http://www.upstreamonline.com/incoming/1412633/petroceltic-narrow-loss Petroceltic has narrowed its losses in the first half of the year on stronger production figures from its core assets in Egypt and Bulgaria, which remain a “key objective” in a “challenging environment”, the Irish junior said on Wednesday. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1412633/petroceltic-narrow-loss Wed, 30 Sep 2015 10:03:24 +0000 ece_incoming Schneider plugs into Sverdrup http://www.upstreamonline.com/live/1412630/schneider-plugs-into-sverdrup Schneider Electric has signed a pair of deals worth a total of more than Nkr100 million ($11.8 million) to supply components for the power distribution system on the under-development Johan Sverdrup field off Norway. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1412630/schneider-plugs-into-sverdrup Wed, 30 Sep 2015 09:04:59 +0000 live Africa oil fund to fight hunger http://www.upstreamonline.com/live/1412626/africa-oil-fund-to-fight-hunger Oil players active in some nascent African acreage can now help fight child malnutrition after four countries on the continent signed up to a scheme to divert some oil taxes to a United Nations (UN) fund. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1412626/africa-oil-fund-to-fight-hunger Wed, 30 Sep 2015 08:40:20 +0000 live African Petroleum gets new CEO http://www.upstreamonline.com/incoming/1412623/african-petroleum-gets-new-ceo Oslo- and Sydney-listed African Petroleum has appointed a new chief executive to follow in the footsteps of Stuart Lake, who is stepping down for health reasons. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1412623/african-petroleum-gets-new-ceo Wed, 30 Sep 2015 08:05:14 +0000 ece_incoming Technip faces Norway boycott http://www.upstreamonline.com/live/1412619/technip-faces-norway-boycott Norway’s biggest offshore union Industri Energi (IE) is threatening to boycott Technip vessels working off the country over alleged social dumping of "underpaid" workers. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1412619/technip-faces-norway-boycott Wed, 30 Sep 2015 08:01:41 +0000 live Okea start-up gets Seacrest cash http://www.upstreamonline.com/live/1412615/okea-start-up-gets-seacrest-cash Norwegian start-up Okea is to receive a cash injection of up to $200 million from global energy investor Seacrest Capital Group. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1412615/okea-start-up-gets-seacrest-cash Wed, 30 Sep 2015 07:30:17 +0000 live Lundin boosts Alta bounty http://www.upstreamonline.com/live/1412613/lundin-boosts-alta-bounty Lundin Petroleum is hailing exploration success with an appraisal well drilled at its Alta discovery in the Barents Sea off Norway that has struck further hydrocarbon pay and is likely to lead to a resource upgrade at the Arctic frontier find. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1412613/lundin-boosts-alta-bounty Wed, 30 Sep 2015 07:03:51 +0000 live San Leon his Moroccan gas http://www.upstreamonline.com/live/1412611/san-leon-his-moroccan-gas Irish explorer San Leon has encountered gas shows in a well on the Tarfaya concession in Morocco’s onshore Sahara region. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1412611/san-leon-his-moroccan-gas Wed, 30 Sep 2015 07:02:30 +0000 live Impairments see Energy XXI dive into red http://www.upstreamonline.com/live/1412610/impairments-see-energy-xxi-dive-into-red US company Energy XXI plummeted to a $2.43 billion loss for the 12 months to 30 June as impairments dragged the company into the red and offset increased revenues. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1412610/impairments-see-energy-xxi-dive-into-red Wed, 30 Sep 2015 06:01:08 +0000 live CGC hits gas in Argentina http://www.upstreamonline.com/live/1412608/cgc-hits-gas-in-argentina Argentine energy company Compania General de Combustibles (CGC) has discovered a new natural gas deposit in the southern Santa Cruz province. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1412608/cgc-hits-gas-in-argentina Wed, 30 Sep 2015 06:00:30 +0000 live Oil falls as US stocks rise http://www.upstreamonline.com/live/1412607/oil-falls-as-us-stocks-rise Crude oil futures fell in early Asian trade on Wednesday after US inventories showed a weekly buildup that far exceeded analyst expectations. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1412607/oil-falls-as-us-stocks-rise Wed, 30 Sep 2015 03:43:09 +0000 live Chiyoda and Ezra move closer to subsea tie-up http://www.upstreamonline.com/live/1412606/chiyoda-and-ezra-move-closer-to-subsea-tie-up Singapore's Ezra Holdings and Japanese company Chiyoda have agreed a $180 million deal which will see the the latter gain a 50% stake in Ezra's subsea business. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1412606/chiyoda-and-ezra-move-closer-to-subsea-tie-up Wed, 30 Sep 2015 03:26:44 +0000 live Petsec increases Yemen stake http://www.upstreamonline.com/live/1412603/petsec-increases-yemen-stake Sydney-based Petsec Energy has gained an additional 29.75% stake in the onshore Block 7, Al Barqa permit, in Yemen. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1412603/petsec-increases-yemen-stake Wed, 30 Sep 2015 01:25:42 +0000 live Origin looks to strengthen balance sheet http://www.upstreamonline.com/live/1412600/origin-looks-to-strengthen-balance-sheet Australian company Origin Energy has launched A$4.7 billion (US$3.3 billion) of new capital initiatives as it looks to raise cash and balance its books. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1412600/origin-looks-to-strengthen-balance-sheet Wed, 30 Sep 2015 00:36:49 +0000 live Hercules slashes US Gulf staff http://www.upstreamonline.com/live/1412595/hercules-slashes-us-gulf-staff Jack-up owner Hercules Offshore confirmed Tuesday it would lay off 50 employees as it continues to struggle in a low commodity price environment. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1412595/hercules-slashes-us-gulf-staff Tue, 29 Sep 2015 22:27:54 +0000 live Oceaneering lands India deal http://www.upstreamonline.com/live/1412593/oceaneering-lands-india-deal Oceaneering International has won a two-year deep-water contract off India for one of its subsea support vessels. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1412593/oceaneering-lands-india-deal Tue, 29 Sep 2015 21:41:18 +0000 live Chesapeake cuts workforce by 15% http://www.upstreamonline.com/live/1412591/chesapeake-cuts-workforce-by-15-percent US independent Chesapeake said Tuesday it had laid off 15% of its workforce as it continues to cut costs amid a low commodity price environment. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1412591/chesapeake-cuts-workforce-by-15-percent Tue, 29 Sep 2015 21:13:18 +0000 live Hyperdynamics hit with SEC fine http://www.upstreamonline.com/live/1412590/hyperdynamics-hit-with-sec-fine West Africa-focused Hyperdynamics will pay a $75,000 fine to the US Securities & Exchange Commission (SEC) as part of a settlement in an investigation into the company's dealings in the Republic of Guinea. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1412590/hyperdynamics-hit-with-sec-fine Tue, 29 Sep 2015 20:45:22 +0000 live Shell to lay off 1300 in Malaysia http://www.upstreamonline.com/live/1412588/shell-to-lay-off-1300-in-malaysia Anglo-Dutch supermajor Shell said it will lay off about 20% of its Malaysian workforce over the next two years as part of a "transformation programme" for its upstream division. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1412588/shell-to-lay-off-1300-in-malaysia Tue, 29 Sep 2015 19:51:07 +0000 live Bush backs export ban's repeal http://www.upstreamonline.com/live/1412576/bush-backs-export-bans-repeal Jeb Bush has become the latest presidential candidate to weigh in on the oil export debate, saying he would support lifting the ban on US crude exports if elected. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1412576/bush-backs-export-bans-repeal Tue, 29 Sep 2015 18:54:44 +0000 live Comment: Strongest will survive in oil sands http://www.upstreamonline.com/live/1412575/comment-strongest-will-survive-in-oil-sands A global decline in commodity prices has not scared away some of the world’s biggest explorers from Canada’s oil sands sector, lured by its long-term potential to produce and its ability to rebound. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1412575/comment-strongest-will-survive-in-oil-sands Tue, 29 Sep 2015 17:29:37 +0000 live